Man GLG Balanced Managed Prof C

Managed fund of internal funds (retail and institutional). Around 50% UK with c15% in bonds.

  • 173.70p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.92%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.50%

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 15 January 2021

Managed fund of internal funds, where holdings are generally determined by the asset allocation committee.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched October, 2012
Size £636m
Yield 1.50%
Charging basis Income
Dividends paid Acc units only


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.92%


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Investment process

The objective of the fund is to provide capital growth over the long term. Managed fund of internal retail and institutional funds. Asset allocation will be decided by the groups committee chaired by John Richards.

Manager research

Average monthly relative returns

  • 16/17 -0.91%
  • 17/18 0.07%
  • 18/19 -0.17%
  • 19/20 -0.31%
  • 20/21 -0.18%

Bestinvest MRI

  • 3 years -0.22%
  • 5 years -0.30%
  • Career -0.21%
  • 3 years 21.20%
  • 5 years 9.00%
  • Career 14.50%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Ben Funnell

Funnell is a UK-based fund manager for GLG Partners with a focus on asset allocation. He joined the group in May 2006 after 8 years at Morgan Stanley as a European Strategist.

Track record

Ben Funnell has 11.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.21%. During the worst period of relative performance (from June 2009 - August 2019) there was a decline of 27% relative to the index. The worst absolute loss has been 18%.

Periods of worst performance

Absolute -18.00% (December 2019 - March 2020)
Relative -27.00% (June 2009 - August 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.


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Top 10 holdings

Data accurate as at 31 July 2020

16.2% Man Glg Uk Income Fund
15.57% S&P500 Emini Fut Sep20 (Cme)
14.54% Man Dynamic Allocation Fund
8.46% Man Glg Strategic Bond Fund
6.63% Man Glg Ri European Equity Leaders
5.62% Man Glg Undervalued Assets Fund
4.76% Glg Japan Core Alpha Equity
4.65% Man Risk Premia
4.16% Man Glg High Yield Opportunities Fund
4.01% Man Numeric China Equity Fund
Source: Trustnet

Key Investor Information